I would not weight any "training" very heavily where the only thing the "students" had to say about it is "I learned a lot". 

Never get in a bidding war, never be the top bidder for a heavily marketed property...

Time is invested heavily in overseeing the repair, finding labor, managing the property, finding tenants, etc.

@Wen Guo I will say that there is a ton of heavily discounted properties, and even borderline free with a commitment to rehab and rent in the Chicago market, but there is always a reason for the way a property is priced...not a reason to be scared, just requires due diligence and dedication

I look heavily in the Woonsocket area.

Why that is the case gets complicated and depends heavily on the situation.

Part of that is figuring out what kind of loan you can get on the property - which will heavily drive your cash on cash return.  

I spent a little over $7k to clear a heavily treed lot and add 8 loads of fill.

Think weak tenant 80% to qualify and 20% tenant VS national investment grade credit 80% tenant and 20% borrower.The one with weaker credit or no credit the likelihood of going dark and not making it the full primary lease term is high so the lender relies heavily on the borrowers financial position and resources.

Need more info to weigh in heavily.